Essays on Gross National Product

The Home Depot is a retailer of construction and home improvement services and products, has stores in Mexico, America, China, and Canada. The present economy in the United States has not been friendly for most organizations. The housing market has been the basis of inventory needs of the Home Depot, but it has recently faced been fluctuating unpredictably. The level of inventory is the most critical aspect in the management of Home Depot because it is among the top five costs of doing business. It is a factor that should be kept optimal at all times because undersupply of ...

Gross National Product or Gross National Happiness

It will not be a matter for an ace economist or even a budding economic graduate to gauge the nation’s growth through its Gross Domestic Product (GDP). A vintage multiple, GDP has long been used to forecast the productivity of a nation by summing the amount of goods and services produced by a nation during the year. Ironically, this economic multiple has the biggest flaw: It only measures money. We believe that our generation knows least about the Great Depression so let us propose our ideas by citing the recent financial meltdown of 2007-08 when even the world’ ...

Introduction

In the contemporary world, the rise of travel and tourism industries has shown a tremendous resilience, which has been among the main contributors to the growth of hotels real estate in various countries. Thailand is among the countries that have been significantly affected by the geopolitical tensions and economic instability. In 2008, Thailand experience violent clashes that resulted in approximately 9 percent decline in average tourist spending. This also resulted in the closure of the international airports, which consequently decreased tourists and investors' confidence. However, over the past few years, the country has experienced tremendous growth in the tourism ...

Introduction

Gross domestic product (GDP) and Gross National Product (GNP) is the indicators of the general economic condition of a country. These indicators give a description of the general economic and financial welfare of the nation, because the higher the level of production means higher level of the country's well-being. The subject of the study of the GDP and GNP is economic units - residents, producing goods and services for the end-user over a certain period of time (Investopedia, 2003). The indicator of GDP and GNP are very important for the economy as a whole. They are used to describe ...